Kincora Copper: Expanded Scope for Ongoing Drilling in the Northern Junee-Narromine Belt The first drilling program by Kincora with earn-in partner AngloGold Ashanti Australia Limited ( AngloGold Ashanti ) at the Nyngan porphyry project has been expanded for a second time to test
Kincora Copper: Expanded Scope for Ongoing
Drilling in the Northern Junee-Narromine Belt
The first drilling program by Kincora with earn-in partner AngloGold Ashanti Australia Limited
(
AngloGold Ashanti
) at the Nyngan porphyry project has been expanded for a second time to test
new targets identified by a recent ground gravity survey:
A total of fifteen wide-spaced scout holes for 6,197.3m have been completed in the current
program with a further four holes now planned and drilling is ongoing.
Encouraging geology, alteration, anomalous copper and pathfinder minerals are noted in
multiple holes supporting porphyry copper and epithermal gold potential.
A Stage 2 follow up phase of step out drilling is proposed post results and analysis of the
ongoing scout-drilling program.
Drilling is scheduled to transition from Nyngan to the Nevertire and Nevertire South projects and
has been expanded following the second earn-in agreement with AngloGold Ashanti
1
:
The program will follow-up very promising prior intervals by Newcrest Mining and is designed
to discover or create a vectoring pattern to a targeted porphyry deposit.
Kincora is managing the programs and receives a 10% management fee.
AngloGold Ashanti has the right to spend up to A$100 million via two separate earn-in and joint
ventures covering a continuous strike greater than a 100kms including five projects within
Kincora's Northern Junee-Narromine Belt portfolio.
Melbourne, Australia--(Newsfile Corp. - June 6, 2025) - Copper-gold explorer and project generator
Kincora Copper Limited
(ASX: KCC) (TSXV: KCC) ("
Kincora"
or "
the Company"
) is pleased to
provide an update on its ongoing and further expanded exploration programs in the Northern Junee-
Narromine Belt (
NJNB
). These programs are located in the undercover extension of the Macquarie Arc
in NSW and being conducted under an earn-in and joint venture agreement with AngloGold Ashanti.
John Holliday, Technical Committee chair, and Peter Leaman, VP of Exploration, said:
"Results from the recent gravity survey and initial scout holes at Nyngan, coupled with the expanded
agreement with AngloGold Ashanti, have significantly increased both the scale of this year's drilling
program and the management fee income that Kincora receives.
"The interactive relationship with AngloGold Ashanti is proving very effective for new target generation,
as illustrated by the gravity survey resulting in targets now being drilled.
"The initial phase of exploration is generating more new Macquarie Arc volcano-intrusive complex
targets potentially hosting both porphyry copper and epithermal gold settings.
"Following another four planned holes at Nyngan the rig is scheduled to move to Nevertire South
testing high priority step-out targets, which we rate as the most advanced and geologically prospective
porphyry project in the covered extensions of the Macquarie Arc.
"Following an estimated seven further holes at Nevertire and Nevertire South we expect the rig to then
return for a second and step out phase of drilling at Nyngan which will see drilling until the summer
break."
Nyngan Update
Initial scout drilling activities at the Nyngan project commenced calendar 4Q'2024 and are ongoing. To
date, fifteen holes for 6,197.3m have been completed in partnership with AngloGold Ashanti under the
May 2024 earn-in agreement
2
.
This program utilises cost-effective mud-rotary drilling through the relatively soft post mineral cover
sequence followed by diamond core drilling (NQ3) of porphyry-prospective basement.
All holes to date
have provided samples of basement geology across separate magnetic complexes and key lithological
domains hosted within two separate and previously untested Macquarie Arc intrusive complexes, the
Ace of Spades
and
Gerar
(formerly
South-West)
targets, which cover ~16 x 18km and ~7 x 17km,
respectively - see Figures 1 & 2 below.
Following encouraging results for the first six holes completed in 4Q'2024, the drilling program was
expanded to provide greater coverage across the two wider target areas and a ground gravity survey
was commissioned and completed in 1Q'2025
3
.
The gravity survey covered over 400km
2
and has identified a number of new targets, four of which are
currently being drilled in the ongoing expanded current scout program. Various coincident magnetic and
new gravity anomalies have been identified at both the wider
Gerar
and
Ace of Spades
targets - see
Figure 2 below.
Encouraging alteration, anomalous copper and pathfinder minerals are noted in multiple holes
supporting porphyry copper and epithermal gold potential - see Tables 1 & 2 below.
A Stage 2 follow up phase of step out drilling is proposed at the Nyngan project post completion of the
scout drilling program and analysis of results.
Nevertire and Nevertire South Update
Following the recent April 2025 amended and second earn-in agreement, plans for exploration activities
have been expanded to support a first phase drilling program at both the Nevertire and Nevertire South
projects with unimpeded access across the consolidated ~8 x 12km Nevertire Magmatic Complex
("NMC").
This program includes both step out and scout targets with drilling anticipated to commence in
August upon completion of the current program at Nyngan.
Prior Newcrest Mining drilling at the central and southern section of the NMC has returned anomalous
copper-gold mineralisation, favourable fertility defined by green rock analysis, geochemical zonation and
alteration suggestive of an outer porphyry system setting with age dates confirming a highly prospective
Macquarie Arc intrusive complex (at approximately 220m depth down hole).
The northern section of the NMC, which has not been effectively drill tested, is a high priority porphyry
target and, in Kincora's view, the most advanced and geologically prospective porphyry target within
covered extensions of the Macquarie Arc.
A step out drilling program from the best two prior Newcrest drill holes (open to the north, east and west)
is designed to discover or create a vectoring pattern to a targeted porphyry deposit - see Figure 2 below
- with initial scout holes testing the northern extension onto the Nevertire license. Following an estimated
seven holes at Nevertire and Nevertire South, drilling is expected to recommence at Nyngan for a step
out phase of drilling.
The drilling programs at the Nyngan, Nevertire and Nevertire South projects are expected to continue
into the fourth quarter of calendar 2025, providing a regular news flow and management fees to Kincora.
Figure 1: A newly recognised, district-scale series of major, untested magmatic complex
targets is situated within Kincora's Northern Junee-Narromine Belt portfolio, potentially
representing the largest volcano-intrusive complex of the Macquarie Arc
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2305/254694_660a530be4eb0b98_001full.jpg
Kincora is managing the earn-in programs with AngloGold Ashanti, receiving a 10% management fee of expenditures, covering a continuous 100km
strike and 5 projects
Figure 2: First phase exploration at Nyngan has been expanded for a second time following
positive initial results
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2305/254694_660a530be4eb0b98_002full.jpg
Drilling is scheduled to transition from the Nyngan to Nevertire and Nevertire South projects, before a Phase 2 step out program at Nyngan supporting
drilling until the end of the year
Figure 3: 15 wide spaced scout holes have been completed with a further planned four holes
in the current first phase of ongoing drilling
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2305/254694_660a530be4eb0b98_003full.jpg
The current phase of drilling includes scout holes to basement geology across separate magnetic complexes and key lithological domains hosted
within two separate and previously untested Macquarie Arc volcano-intrusive complexes (the
Ace of Spaces
and the
Gerar targets
(the latter
formerly known as the South-West target)).
A recent extensive ground gravity survey has generated a number of new targets, four of which are
currently being drilled as part of the ongoing program. Due to the very broad nature and extensive regional coverage of the current program Kincora
has not provided sectional views of the current scout-drilling phase (as required under Clause 19 of the JORC Code). Such sections are anticipated
upon commencement of a Phase 2 follow up step out phase of drilling.
Table 1: Nyngan project: Summary of 2024 mud rotary-diamond tail drill holes
(metres)
Hole
Mud
Rotary
Diamond
Core
End
of Hole
Interpreted
Basement
Basement
Interval
Highlights
NYDD002
212.9
240.7
453.6
440.8
12.8
Confirmed Macquarie Arc age date.
Rare chalcopyrite, bornite.
NYDD003
257.8
168.6
426.4
255
171.4
Distal propylitic alteration + weak gold-copper anomaly.
Minor chalcopyrite.
NYDD004
235.3
265.6
500.9
318
182.9
Propylitic alteration + moderate copper anomaly. Minor
disseminated chalcopyrite, pyrite (locally up to 5%), and
fracture-fill native copper. Trace vein hosted chalcopyrite.
NYDD005
335.5
35.7
371.2
333
38.2
Distal propylitic alteration.
NYDD006
302.7
135.5
438.2
302.7
135.5
Trace vein hosted chalcopyrite.
NYDD007
305.7
210.6
516.3
305.7
210.6
Epithermal overprinting propylitic alteration.
Minor disseminated and vein hosted pyrite, molybdenite &
chalcopyrite with minor fracture filled native copper
NYDD008
209.7
174.6
384.3
201
183.3
New potassic + sodic-potassic intrusive system Minor
chalcopyrite, rare bornite + fracture-fill native copper
NYDD009
287.7
161.8
449.5
282
167.5
Propylitic andesitic with five distinct events Rare pyrite and
very fine bornite
NYDD010
210.8
79.5
290.3
224.3
66
Distal propylitic alteration + weak gold-copper anomaly.
Broad zone of disseminated pyrite with rare chalcopyrite &
native copper
NYDD011
296.6
165.6
462.2
286
11176176.2
Broad disseminated pyrite with minor
chalcopyrite & bornite
NYDD012
371.8
104.3
476.2
360
Vv111116.2
Multiple intrusions & breccias with minor
chalcopyrite & bornite
NYDD013
332.8
36.4
369.2
327
42.2442.2
NYDD014
245.7
62.2
307.9
246
61.9661.9
Multiphase hydrothermal-igneous breccias
Minor pyrite & bornite
NYDD015
260.6
104.8
365.4
246
119.4
New intrusive system, pervasive propylitic
alteration. Minor pyrite & chalcopyrite
NYDD016
302.5
69.7
372.2
286
86.2
New intrusive system. Volcanic + intrusive +
breccia rare chalcopyrite, pyrite, sericite
Total
4,281.9
1,915.4
6,197.3
Table 2: Nyngan project: Selected maximum and any notable broader assay values for
2024/2025 drill holes
Assay results for holes NYDD013 to NYDD016 are pending
Hole
Copper
(ppm)
Gold
(ppm)
As
(ppm)
Mo
(ppm)
S
(%)
Ag
(ppm)
NYDD002
424
0.011
6.0
1.56
0.03
0.29
NYDD003
378
0.016
29.4
1.23
0.19
0.24
NYDD004
680
0.038
15.8
1.60
0.85
0.28
NYDD005
159
0.014
16.8
1.48
1.08
0.66
NYDD006
245
0.016
27.1
1.27
0.02
0.32
NYDD007
472
0.215
11.1
211.0
3.49
0.59
NYDD008
265
0.018
6.7
2.18
0.08
1.12
NYDD009
207
0.003
5.0
0.60
0.03
0.19
NYDD010
262
0.014
5.9
1.20
0.25
0.19
NYDD011
395
0.028
63.4
14.90
1.61
0.35
NYDD012
453
0.021
26.6
3.27
0.65
0.48
Table 3: Nyngan project: Summary of mud rotary-diamond drilling
Holes completed to date 2024/2025 at the
Ace of Spaces
and the
Gerar
targets (the latter formerly known as the
South-West
target)
Target
Hole
End of
Hole (m)
Dip
(°)
Azimuth
(true)
Easting
(MGA)
Northing
(MGA)
Elevation
(m)
Diamond Core
recovery (%)
Gerar
NYDD002
453.6
-90
0
517309
6532972
165
99.9%
Ace of Spades
NYDD003
426.4
-90
0
533326
6554167
162
99.7%
Ace of Spades
NYDD004
500.9
-90
0
533918
6547408
158
97.5%
Ace of Spades
NYDD005
371.2
-75
247
529381
6557836
159
98.0%
Ace of Spades
NYDD006
438.2
-90
0
525242
6554783
158
99.7%
Ace of Spades
NYDD007
516.3
-90
0
525542
6545010
160
99.6%
Gerar
NYDD008
384.30
-90
0
518160
6535379
159
99.8%
Ace of Spades
NYDD009
449.5
-90
0
528818
6548318
163
100%
Ace of Spades
NYDD010
290.3
-90
0
533680
6555200
162
99.9%
Ace of Spades
NYDD011
462.2
-90
0
532000
6559000
159
99.3%
Ace of Spades
NYDD012
476.2
-90
0
535498
6550116
155
100%
Ace of Spades
NYDD013
369.2
-90
0
530630
6544500
160
100%
Ace of Spades
NYDD014
307.9
-90
0
524440
6551352
160
99.6%
Ace of Spades
NYDD015
365.4
-90
0
531656
6556402
159
95.2%
Ace of Spades
NYDD016
372.2
-90
0
533623
6551638
160
100%
About the Nyngan Project
The Nyngan license (Exploration Licence 8929) was the first ground Kincora secured in NSW. It is a
large 762km
2
direct application tenement granted by the NSW State Government covering a significant
portion of the interpreted under cover section of the northern Junee-Narromine Belt. The Junee-
Narromine Belt is one of the two largest belts of the Macquarie Arc, Australia's foremost porphyry belt,
which hosts a mineral endowment of over 160 million gold equivalent ounces
4
.
The license hosts almost no prior explorer drilling even though regional geophysics strongly indicates a
new potential district-scale setting for a significant number of interpreted, large-scale, porphyry copper-
gold volcano-intrusive complex targets.
In May 2024, Kincora signed a definitive multiple-phase Earn-in and Joint Venture Agreement over the
Nyngan and Nevertire licences with AngloGold Ashanti Australia Limited, a wholly owned subsidiary of
AngloGold Ashanti plc, the world's fourth largest gold miner by production which has a successful track
record for greenfields discovery success and is already actively exploring in the district via a similar
multiple-phase Earn-in and Joint Venture Agreement with Inflection Resources ("AUCU" on the CSE).
AngloGold Ashanti has the right to spend up to A$50 million to earn an 80% interest in the Nyngan and
Nevertire licenses through:
A$25 million of exploration expenditure to earn a 70% joint venture interest (Phase I), with Kincora
the initial operator for a 10% management fee.
Completion of a Pre-Feasibility Study (PFS) or funding of a further A$25 million of expenditure to
earn an 80% joint venture interest (Phase II).
In July 2024, separate to the Agreement with AngloGold Ashanti, Kincora formed a partnership with
Fleet Space Technologies Pty Ltd ("Fleet Space") to undertake Ambient Noise Tomography (ANT) and
gravity geophysical surveys under a research and development grant at the Nyngan project
5
.
The Fleet Space surveys were completed in 2024 and focused on a small portion of the
Ace of Spades
target. The 1Q'2025, gravity survey covering ~400km
2
provides further coverage across the extensions
of the
Gerar
(formerly the
South-West)
and
Ace of Spade
targets and infill spacing over areas of the
2024 ground gravity survey.
First phase scout drilling commenced in calendar 4Q'2024, with an initial six holes completed before the
year end summer break, seeking to drill-test six large intrusive complex targets for the first time.
Encouraging results supporting proof of concept, coupled with several new targets resulting from the
ground gravity survey, has resulted in two expansions to the initial phase scout drilling program at both
targets. A second phase step out drilling program will be planned pending results and analysis of the
ongoing exploration program.
About the NJNB Project Portfolio
The Macquarie Arc is a hotspot for recent corporate activity with over A$16 billion of M&A for producing
porphyry assets and over A$385 million of exploration earn-in/joint ventures
6
. The district has seen
considerable exploration success, including two greater than 10Moz gold equivalent
discoveries/resource expansions
7
.
Despite regional magnetics effectively mapping the Macquarie Arc volcanic belts, due to the post
mineral cover there has been very limited prior drilling of the extensions of both the Junee-Narromine and
Molong volcanic belts relative to the southern more outcropping sections which hosts a number of world-
class mines (e.g. Cadia, Cowal and Northparkes).
Kincora's portfolio and the wider NJNB offers new district-scale discovery potential with spatial and
temporal settings, coupled with magnetics, gravity and new Ambient Noise Tomography (ANT) surveys,
supportive of large-scale targets analogous to porphyry deposits located in the southern section of the
Arc.
AngloGold Ashanti has secured Earn-in and Joint Venture Agreements with both Kincora and Inflection
Resources (AUCU.CSE) ("Inflection", market capitalisation C$33.2 million, >3x Kincora's
8
) within the
NJNB with over A$14 million investment to date
9
. In 2Q'2025, AngloGold Ashanti moved to Phase II of
its earn-in agreement with Inflection designating a total of four projects to continue earning into (including
two projects adjacent to Kincora's Nyngan project)
10
and signed a major amendment with Kincora to
include a second joint venture supporting a continuous strike greater than a 100kms and five projects.
The most recent notable example of a new globally significant emerging porphyry district is the Vicuña
district, which is also an extension of a renowned world-class porphyry belt. Vicuña is an extension of the
central Andean belts in Argentina on the border of Chile and situated at over 4000m altitude.
Within this district NGEx Resources Inc in 2009 held three early-stage exploration projects and at the
time had a market capitalisation of approximately C$40 million
11
. These same projects are all still at a
pre-development phase but have yielded in four large-scale discoveries currently valued at over A$10
billion
12
.
Kincora was an early mover into the Northern Junee-Narromine Belt, securing a district scale portfolio of
the interpreted most prospective and shallow to moderate covered part of the northwards extension of
the Macquarie Arc under post mineral cover.
This portfolio now covers a strike twice the length of the
Vicuña district and included in earn-in and agreements with AngloGold Ashanti.
About Kincora
Kincora Copper Limited (TSXV: KCC) (ASX: KCC) is an emerging Australia-focused copper-gold
explorer. The Company is now successfully proving up the prospectivity of its extensive project portfolio,
which includes multiple district-scale landholdings and scalable drill ready targets. These assets are
located in Australia's Macquarie Arc and Mongolia's Southern Gobi, two of the globe's leading porphyry
belts, and the historical Condobolin mining field within the Cobar superbasin in NSW.
Kincora is using an asset level partner model to develop and implement exploration strategies for its
wholly-owned large-scale exploration stage porphyry projects. It has already unlocked over $110 million
of potential partner funding for multiple earlier stage and/or non-core porphyry projects
13
. These initial
deals have supported over 11,000 metres of drilling and over A$5.5m of partner funded exploration
since late 2024, with management fees and exploration ramping up
13
.
Partner discussions are ongoing for its remaining 100% owned flagship projects that are all situated
within existing porphyry camps containing over 20 million ounce gold equivalent resource inventory.
These partner agreements, when combined with others in the pipeline, are expected to provide sufficient
project management fees for the Company to be self-funding (covering corporate costs and
maintenance of remaining wholly owned projects).
Kincora is retaining 100% ownership for its Condobolin project, which hosts a historical high-grade open
cut gold and base metals mining field located within the southern section of the emerging Cobar
Superbasin. The length of time and capital required to both advance and add significant value to this
project is materially less than that needed to similarly progress the Company's porphyry projects.
To learn more, please visit:
www.kincoracopper.com
References:
1
Kincora press release Apr 14, 2025,
"Second Major Earn-in Secured with AngloGold Ashanti"
2
Kincora press release May 28, 2024,
"AngloGold Ashanti to earn-in to the NJNB Project"
3
Kincora press release Feb 13, 2025, "
Encouraging results expands Kincora Copper and AngloGold Ashanti's First Drilling Program"
4
MinEx Consulting report for Kincora.
5
Kincora press release Jul 24, 2024,
"ANT and Gravity Geophysical Surveys at the Nyngan Project"
6
Ocean Blue Equities Oct 8, 2024 initiation research report on Waratah Minerals with the addition of Newmont's earn-in and joint venture agreements
with Koonenberry Gold (KNB.ASX) for the:
(a) Junee porphyry project (A$23.9m of expenditure to date, ex the Jan 2025 drilling with Koonenberry Gold carried until commercial production);
and,
(b) Fairholme porphyry project (Koonenberry carried until A$15m of exploration expenditure, with A$1.14m spent to date, ex the Jan 2025 drilling
program).
7
Public data, including the resource growth at the Cowal project since Evolution Mining's acquisition driven by the Dalwhinnie underground
discovery and the discovery/resource growth of the Boda and Kaiser deposits by Alkane Resources.
8
Market capitalisation of Inflection Resources as at June 3
rd
and Kincora on the ASX as at June 4
th
, 2025 (FX 0.90).
9
Includes AngloGold Ashanti funded exploration with Kincora and Inflection as at Dec 31, 2024, including Phase 1 and Phase 2 expenditures with
Inflection (refer to the Mar 3, 2025 "MD&A" for the quarter ended Dec 2024).
10
Inflection Resources' Mar 25, 2025 release
"AngloGold Ashanti Designates Four Inflection Resources Projects for Phase II of Exploration Earn-
in Agreement".
11
Refer to NGEx Mineral's presentation July 2024 for further details.
12
"
>A$10 billion market value
": includes values for Filo Corp & Josemaria based on the Jul 29, 2024 transaction values from Lundin Mining & BHP
(see public market releases, "
Lundin Mining and BHP to Acquire Filo and Form a 50/50 Joint Venture to Progress the Filo del Sol and Josemaria
Projects
") and May 30
th
, 2025 market capitalisation of NGEx Minerals.
13
Over A$110 million of potential partner funding for eight earlier stage and/or non-core projects, with over 11,000 metres of drilling and over
A$5.5m of partner funded exploration since late 2024 includes:
(a) The original up to A$50m earn-in & JV agreement with AngloGold Ashanti for the Nyngan & Nevertire projects and amended agreement to
include the Nyngan South, Nevertire South and Mulla projects: refer May 28, 2024 release "
AngloGold Ashanti to earn-in to the NJNB Project"
and Apr 14, 2025, "
Second Major Earn-in Secured with AngloGold Ashanti
" (estimated budget >A$3.5m, incl. 6,197.3m drilling, Kincora currently
the project manager receiving a 10% fee of expenditure). For more information on AngloGold Ashanti please visit their website at
www.anglogoldashanti.com
(b) Fleet Space Technologies (which in December 2024 raised A$150m in a Series D financing) partnership under R&D Grant for geophysical
surveys at Nyngan: refer Jul 25, 2024 release "
ANT and Gravity Geophysical Surveys at the Nyngan Project"
(est. budget A$500k). For more
information on Fleet Space please visit their website at https://www.fleetspace.com
(c) Fleet Space partnership for the Wongarbon project: refer Oct 16, 2024 release
"Kincora announces Strategic Investment & Expanded
Partnership with Fleet Space"
(Fleet Space is to conduct ANT & gravity surveys with the right to fund >2000m of drilling for an earn-in/JV. Est.
budget for ANT & gravity surveys $600k, follow up drilling >A$0.5m)
(d) Exploration Alliance partner Earth AI (which in January 2025 raised US$20m in a Series B financing) drilling commenced at the Cundumbul
project: refer May 20, 2024 release
"Artificial Intelligence Partner Drilling New Copper Targets at the Cundumbul Project"
(Earth AI has the
right to right to spend up to A$4.5m at Cundumbul and earn an NSR upon a "qualifying interval".
Estimated budget to date >A$800k, incl. 5
completed holes for >2000m with a VTEM geophysical survey recently completed and analysis ongoing).
(e) Woomera Mining (now Orbminco Ltd - ASX:OB1) agreement for Kincora's Mongolian assets:
refer Aug 12, 2024 release "
Kincora secures
funded, successful and motivated partner for Mongolian assets
" & Orbminco release Jan 14, 2025 "
Drilling Results for Bronze Fox Copper-
Gold Project
", incl. drilling results & technical details/disclaimers (Orbminco has the right to spend US$4m for a 80% interest in the Mongolian
subsidiaries with Kincora free carry also to Final Investment Decision (FID) or a cash payment + NSR acquisition right for 100% interest.
Orbminco consideration shares to Kincora $450k (issue price). Estimated budget >C$1.2m to Mar 31, 2025 incl. 2516m of drilling (& ex-planned
conversion of the western exploration to a mining license and 2025 proposed geophysics and drilling).
This announcement has been authorised for release by the Board of Kincora Copper Limited
(ARBN 645 457 763)
For further information, please contact:
Sam Spring, President and Chief Executive Officer
or +61431 329 345
Executive office
400 - 837 West Hastings Street
Vancouver, BC V6C 3N6, Canada
Tel: 1.604.283.1722
Fax: 1.888.241.5996
Subsidiary office Australia
Vista Australia
Level 4, 100 Albert Road
South Melbourne, Victoria 3205
Qualified Person
The scientific and technical information in this announcement was prepared in accordance with the
standards of the Canadian Institute of Mining, Metallurgy and Petroleum and National Instrument 43-101 -
Standards of Disclosure for Mineral Projects ("NI 43-101") and was reviewed, verified and compiled by
Kincora's staff under the supervision of Peter Leaman (M.Sc. Mineral Exploration, FAusIMM), Senior
Vice-President of Exploration of Kincora, and John Holliday (BSc Hons, BEc, member of the Australian
Institute of Geoscientists), Non-Executive Director and Chairman of Kincora's Technical Committee, who